Companies obtaining the right to explore for and develop Crown resources are subject to several expectations attached to the licences and leases issued:

• Annual rent of $3.50 per hectare must be paid for each hectare covered by the agreement
• Tenure holders must meet all regulatory requirements
• Lands in a P&NG licence are earned by the drilling of a well
• A lease is proven productive at the end of its five-year term by drilling, producing, mapping, being part of a unit agreement or by paying offset compensation
• If a lease is proven productive, it will continue indefinitely beyond the end of the term
• The tenure ends when an agreement holder can no longer prove his agreement is capable of producing oil or gas in paying quantities or is lost through rental or royalty payment default or by voluntary surrender